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English definition of “offshore”

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offshore

adjective [before noun]
 
 
/ˌɒfˈʃɔːr/
FINANCE used to describe companies or investments that are based in a country that is not the home country and that has lower tax, weaker laws, etc.: an offshore bank/company/investment
ECONOMICS, HR, WORKPLACE used to describe the business activities of a company that happen in a different country to the one where the company is based, where costs may be lower: The subject of offshore jobs is one of the most politically charged this year.
PRODUCTION, NATURAL RESOURCES connected to the production of oil and gas at a distance from the land or under the sea: offshore reserves of oil Drilling offshore oil is still profitable.
offshore adverb →  Compare onshore
(Definition of offshore adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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